Invoice

An invoice is a document that details the goods or services provided by a seller to a buyer, including the cost and terms of payment. It serves as a record of the transaction between the buyer and seller, and provides important information for managing accounts receivable.

The invoice typically includes information such as the name and address of the buyer and seller, a description of the goods or services provided, the quantity of goods or services provided, the price per unit, and the total amount due. The invoice may also include any applicable taxes, discounts, or shipping charges.

In addition to providing details about the goods or services provided, the invoice also outlines the terms of payment. This includes the payment due date, any applicable payment terms or discounts, and any penalties for late payment.

Invoices are typically issued by the seller after the goods or services have been provided, and are sent to the buyer for payment. The buyer is then responsible for reviewing the invoice and making payment by the due date specified in the payment terms.

Overall, invoices are an important tool for managing accounts receivable and maintaining accurate financial records. They provide a clear record of the transaction between the buyer and seller, and help to ensure timely payment and reduce the risk of bad debts. By issuing accurate and timely invoices, sellers can improve cash flow, maintain positive relationships with their customers, and manage their accounts receivable effectively.

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